This festive season is a good time for the prospective car buyers who were holding on to their car purchases due to the credit crunch and overspread financial meltdown. They are now tempted with alluring offers as car manufactures have announced an attractive discounts and other goodies with their car models.
Recently, the central government has announced a fuel price cut reducing the financial burden from the common man which is also fueling the desire of many car buyers to drive home their dream car from the showroom. Few days ago the government has also declared a reduction in excise duty rate (CENVAT rates) by 4 percent. This has further supported the car manufacturers to cut down the price of their cars.
Car majors like the Maruti, Hyundai, Toyota, and the Mitsubishi have lowered down the prices of their cars in response to the reduced excise cuts. The Ford India has offered a discount of Rs17,500 to Rs 54,000 in its various car variants and models. The Hyundai Motors has reduced the cost of its models the Santro, i10, Accent, and the Verna by 12,000, Rs 5,000, Rs 5,000 and Rs 12,000, respectively.
The Indian car leader, Maruti Suzuki, was the first among all the car manufacturer to declare a price cut of Rs 8000 in its small car Alto. The price of Wagon R is also reduced to Rs 35,000.
Tata Motors is not behind either, it has reduced the price of its popular hatchback the Indica by Rs 30,000 and the Indigo (Exclusive of CS) by Rs 40,000. The price of Tata Sumo Grande is also slashed by Rs 65,000.
From the General Motors stable, the Spark and Aveo is available with a discount of Rs 58,000 and Rs 53,000, respectively.